For more than two decades, Washingtonians have relied on Money Fit by DRS to provide exceptional results and compassionate service, for receiving help with managing their debt consolidation needs. Whether they are seeking relief from student loan debt, credit card debt, payday loans, medical bills, or other forms of unsecured debt, residents in Washington State will find Money Fit more than willing to assist. As a national nonprofit credit & debt counseling organization, we take pride in our industry-leading track record of helping consumers improve their personal finances and eliminate their personal debt.
There are many valuable rewards for working with a nonprofit debt consolidation organization such as Money Fit. We can help you control your finances and regain your peace of mind with automated payments that are designed to pay your debt off in a fraction of the time you would if you continued making minimum payments.
Money Fit is here to help individuals develop the behaviors, skills, and knowledge necessary to pay their debt and live a life free from the burden of debt for good. Whether or not you work with us as a debt management client, we still offer several free educational resources designed to increase your personal finance skills.
Also, you can expect that we show you the same respect and compassion we would show our own family when they may be dealing with difficult financial issues. Counselors at Money Fit work with thousands of individuals each year, but we know our client’s finances are personal and unique. Before offering the best solution to your financial challenges, we listen to you. We know that you know your financial situation better than anyone.
Our Credit Counselors are certified through independent third-party programs to assure we are prepared as well as possible to help our clients with their unique financial needs.
Pandemic Poses Many Unique Financial Challenges for Washingtonians
The pandemic caused by COVID-19 had drastic financial implications for the state of Washington in 2020.
Early in 2020, when COVID-19 lockdowns went into effect, Washington saw a large spike in unemployment insurance claims, and while the long-term economic impact isn’t fully known, it will certainly have a lasting impact.
COVID-19 Impact on Unemployment Rate in Washington
Money Fit has compiled resources for individuals that have been negatively impacted financially by COVID-19:
Washington Statistics Highlight The Need For Personal Debt Consolidation
When it comes to the amount of credit card debt carried from month to month, the average Washington household is fairly high among all states, ranking 15th of 50 at just over $8,100. Couple that with a cost of living index that ranks in the upper third in terms of highest in the country and it’s plain to see why so many Washingtonians are in need of debt consolidation.
Washington State Housing Costs Continue to Rise
Like many states, Washington has seen a steep incline in home values and rental costs. These sharp increases have led to a shortage of available quality & affordable homes. According to the Bellingham Herald, citing the Washington Community Action Network, home prices and population have skyrocketed since 2015, leaving many with unfavorable living conditions. The forecast shows a continuation of the trend, which can be an indicator of future financial instability.
Eliminating household debt, prior to any personal financial hardship caused by an increase in housing costs, can help stave off any serious or long-term effects. Essentially, it’s better to seek debt consolidation prior to any financial disaster occurring, as the results can act in a preventative manner.
Getting Help With Debt In Washington
Money Fit recommends that our Washington friends proceed with care when considering the services of debt consolidation organizations. Unfortunately, many for-profit businesses and even some nonprofits have poor performance track records where debt settlement or debt elimination is concerned. Many will promise to relieve you of the necessity to pay half of your debt but usually fail to do so. For individuals feeling overwhelmed by massive credit card debt, it sounds too good to be true. Unfortunately, it usually is.
Dealing with large debt can often be tiresome and stressful. More often than not, we hear from frightened consumers that regretted attempting to try other solutions before contacting Money Fit. Many times, their total debt had increased to the point that even our programs are difficult to match, and bankruptcy appears to be the only remaining option.
If you choose to work with an organization that promises to help with your debt, be sure to understand the full effect of their programs on your future credit rating, your wallet, and generally speaking, your finances. Get a written explanation of all fees that are involved and be sure to confirm that the agency is licensed by Washington’s Department of Financial Institutions, such as Money Fit by DRS and its parent company, Debt Reduction Services. Don’t be shy when asking about fees and promised results. This is, after all, your own money, and you want to improve your financial situation, not make it worse.
Sources:
Average Credit Card Debt By State
Renters Cite High Housing Costs For A Variety Of Woes, Including Substandard Conditions
Washington Home Values: Zillow
Washington State Department Of Financial Institutions
Additional Links & Resources:
More Information:
We deliver debt consolidation to all Washington Residents. If you’re from one of the cities listed above you can read detailed information as to the statistics behind why debt consolidation is needed by many individuals in your area. Remember, you are not alone in your goal to live debt-free!
If you’re an educator in Washington State, be sure to reach out if you’d like Money Fit to provide personal finance education support to your school or university.
